IOI and Mega Star to build coconut oil production complex in Malaysia

both corporations. As part of the partnership, IOI said it will source and sell coconut oil to its subsidiaries and customers in the European Union (EU) and the US, while Mega Star will source and sell concentrated coconut water in China and other Northeast Asian countries through its group network. According to IOI, upon completion in the fourth quarter of 2027, the integrated coconut processing complex will have a processing capacity of 100,000 coconuts per day and will produce products such as coconut oil and concentrated coconut water. As the existing trees mature and IOI’s coconut plantations expand to approximately 5,000 hectares over the next two years, the company stated that the complex will gradually increase production to 300,000 coconuts per day. “By combining IOI’s access to the international edible oil market and Mega Star’s access to the food and beverage market in China, we aim to supply… coconut products to meet growing market demand,” said Lee Yeow Chor, managing ...